Topics from the list on the left
Author: Arthur Daret Created: 2/24/2008 1:34 PM
What I see going on in the market and what the market may be trying to tell investors.

Stocks recover led by financials and oils. Transports also strong.

By Arthur Daret on 4/25/2008 2:30 PM

Stocks rebounded off of their lows today led by financial and energy related stocks. S V B Financial Group, P N C Financial Svcs Grp, Northern Trust Corp, and other big banks performed well. Other strong groups were Chemicals and Fertilizers, Office Equipment, Medical and HMO's, Retail and Wholesale Jewelry, and Apparel Shoes. Mid-cap and Small-cap ETF's, did well as did Basic Material ETF's.

Some of the better performing growth stocks today include Icici Bank (IBN), VNUS Medical (VNUS), and Gafisa (GFA) and Chipotle Mexican Grill (CMG) (Chipotle sold off on earnings yesterday).

Omega Healthcare (OHI), Citigroup (C), Wells Fargo (WFC), and American Express (AXP) also did well today. The Pro-Shares Ultra-Technology ETF was -3.03%.

This was a constructive week. Despite all of the bad news out there regarding housing oil prices, consumer sentiment, and poor decision making by the American idol audience, the major indexes performed about as well ... Read More »

Nasdaq higher today but Thursday could be interesting

By Arthur Daret on 4/23/2008 1:10 PM

After the close, Amazon and Apple reported earnings. Apple (AAPL)gave guidance that was below analysts estimates. For the quarter ended March 31, Amazon reported earnings of $143 million, or 34 cents a share, compared with earnings of $111 million, or 26 cents a share, for the same period last year. Revenue grew 37% to $4.13 billion for the quarter compared with $3.02 billion last year.

Apple said it expected earnings of $1.00 per share on revenue of $7.2 billion for its fiscal third quarter. Wall Street was looking for earnings per share of $1.11 and revenue of $7.17 billion, according to Reuters Estimates.  Apple also expects gross margins in its third fiscal quarter to be flat with the second quarter's 32.9 percent.

Chipotle Mexican Gr ... Read More »

Stocks pullback as volume increases. Leadership stocks acting o.k.

By Arthur Daret on 4/22/2008 3:37 PM

The markets declined on heavier trading volume today which isn't to surprising.

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Stocks move higher into the close

By Arthur Daret on 4/21/2008 2:31 PM

 

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Stocks continue to follow-thru. New leaders emerging

By Arthur Daret on 4/18/2008 4:55 PM

Stocks moved higher today on increasing volume. Technology stocks inparticular showed strength after Google (GOOG) reported better than expected earnings. Yesterday IBM (IBM) also reported solid earnings and raised guidance for the year.

Wells Fargo (WFC) closed above its 50-day moving average. Regions Financial (RF) Citigroup (C), BB&T (BBT), Umpqua Bank (UMPQ) and Bank of America are also rebouding. Wachovia Bank (WB) was sold a few days ago from all accounts. The finanical stocks could still see some volatility but I believe much of the panic selling has already taken place. The community bank stocks are also showing signs of life and I expect that many will begin to rebound off of their lows in the coming months.

Real Estate Investment Trusts are also acting well although a couple of ours are still lagging but should recover over time. Healthcare Properties (HCP), Ventas (VTR), Senior Housing (SNH), Biomed Realty Trust (BM ... Read More »